Can XRP price climb above $5? Technical and fundamental signs to watch

XRP has moved back into the spotlight in September after trading at lows earlier in the month, giving way to renewed strength.

The cryptocurrency crossed the $3 mark on Thursday, gaining 3% in the past 24 hours and rising 17% above its 1 September low of $2.69.

The advance comes at a time when both technical and fundamental drivers are aligning.

A new exchange-traded fund, fresh partnerships between Ripple and traditional financial institutions, and bullish chart structures are being closely watched as XRP consolidates its position in the wider digital asset market.

Source: CoinMarketCap

XRP bull flag formations project higher levels

Chart analysts have been tracking two distinct bull flag formations that have shaped XRP’s trajectory in recent months.

A smaller flag, which developed in June, resolved earlier this week when the token moved above $3, setting a measured target of $5.80.

On the daily timeframe, a continuation flag appeared in late August, reinforcing expectations of a breakout towards the $5 area.

A longer-term flag, which began to form in November 2024, remains in play.

This structure was confirmed in July when XRP climbed to nine-year highs at $3.66.

If completed, it could project an advance toward $15.80, representing more than four times current prices.

Fractal analysis has also been brought into focus.

Analyst Egrag Crypto highlighted a megaphone formation on the five-day chart that indicated the potential for XRP to reach the $6 to $7 range by mid-November.